🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

The market is forcing cloud vendors to relax data egress fees

TechCrunch · 1y ago

The market is forcing cloud vendors to relax data egress fees

The big three cloud vendors - Amazon, Microsoft, and Google - have started easing their egress fees, which are charges imposed on transferring data from one cloud provider to another. This move comes as a response to changing market dynamics, including the rise of a multi-cloud environment and stricter regulations. Cloud providers are realizing that charging these fees is hindering data movement and customer satisfaction. However, while this change is a positive step, customers should still review their bills holistically, considering all the costs associated with cloud services.

Related News

Businesses are spending huge amounts of cloud storage funds on fees

Techradar

Techradar · 1y ago

Businesses are spending huge amounts of cloud storage funds on fees

A new study by Wasabi Technologies has found that the majority of businesses are spending more than half of their cloud storage budgets on fees, rather than actual storage capacity. The survey of over 1,200 IT and storage decision-makers also revealed that despite exceeding their budgets, most organizations plan to increase their cloud storage budgets in the coming years. The report highlights the high costs of cloud storage and the growing reliance on public cloud storage solutions. It also mentions the recent measures introduced by Google Cloud and AWS to address the issue of high ingress and egress fees.

Google Cloud removes data transfer fees when clients switch to rivals

Economic Times

Economic Times · 1y ago

Google Cloud removes data transfer fees when clients switch to rivals

Google Cloud has announced that its customers will no longer have to pay network fees when migrating their data to another cloud provider. This move aims to make it easier for customers to switch providers without financial barriers. The decision comes after concerns were raised by Britain's media regulator, Ofcom, about fees that discourage customers from changing cloud vendors. However, Google acknowledges that restrictive and unfair licensing practices also play a significant role in customers' reluctance to switch.

Google steps up Microsoft criticism, warns of rival's monopoly in cloud

Economic Times

Economic Times · 1y ago

Google steps up Microsoft criticism, warns of rival's monopoly in cloud

Google Cloud has criticized Microsoft's cloud computing practices, accusing its rival of seeking a monopoly that could hinder the development of emerging technologies like generative artificial intelligence. Google is concerned that Microsoft is creating a controlled and owned "walled garden" with its Azure cloud platform, forcing customers to go exclusively to Microsoft. Google Cloud VP Amit Zavery called on antitrust regulators to intervene and prevent Microsoft's on-premise monopoly from extending into cloud computing. Microsoft dismissed the claims, highlighting healthy competition between cloud hyperscalers. Zavery also criticized Microsoft's one-sided deals with individual cloud vendors.

aarna Bags Funding From Exfinity Venture Partners To Offer GPU-As-A-Service

Inc42 · 11m ago

aarna Bags Funding From Exfinity Venture Partners To Offer GPU-As-A-Service

Bengaluru-based startup aarna.ml has secured $1.2 million in a Series A funding round led by Exfinity Venture Partners. The SaaS AI cloud management company plans to use the funds to enhance its product development for GPU management, expand its market reach, and improve its services. Established in 2018, aarna.ml provides open-source AI cloud management software to GPU-as-a-service AI cloud vendors and data center providers.

Nvidia’s AI chips are cheaper to rent in China than US

Arstechnica

Arstechnica · 11m ago

Nvidia’s AI chips are cheaper to rent in China than US

China's cloud providers charge lower prices for renting cloud services with Nvidia's AI chips compared to the US, indicating that these processors are readily available in the Chinese market despite US export restrictions. Four Chinese cloud vendors charge around $6 per hour for servers equipped with eight Nvidia A100 processors, while similar setups from small US vendors cost approximately $10 per hour. The availability of Nvidia chips in China and the circumvention of US restrictions contribute to the lower prices. Larger Chinese cloud operators charge higher prices, but smaller vendors are able to offer competitive rates due to compliance challenges faced by the larger players.

EU drops sovereignty requirements in cybersecurity certification scheme: document

Economic Times

Economic Times · 1y ago

EU drops sovereignty requirements in cybersecurity certification scheme: document

The European Union has scrapped a requirement for vendors bidding for EU cloud computing contracts to be independent from non-EU laws. This change could make it easier for tech giants such as Amazon, Google, and Microsoft to bid for these contracts. The EU has been struggling to agree on a cybersecurity certification scheme (EUCS) to ensure the cybersecurity of cloud services. The move comes as Big Tech seeks growth opportunities in the government cloud market, while the EU has concerns about illegal state surveillance and the dominance of US cloud providers. The latest draft of the rules removes requirements for joint ventures and data storage in the EU, instead focusing on information about data location and applicable laws. EU countries are currently reviewing the revised draft.

Apple’s war on streaming and super apps helped set it up for an antitrust battle

The Verge

The Verge · 1y ago

Apple’s war on streaming and super apps helped set it up for an antitrust battle

The Department of Justice (DOJ) is pursuing an antitrust lawsuit against Apple, accusing the company of trying to suppress cloud gaming services and super apps to maintain a monopoly on the mobile market. The DOJ claims that Apple's rules severely limited the presence of cloud gaming services on the App Store, forcing them to exist in web browsers instead. Additionally, Apple allegedly restricts the development of super apps, which offer multiple services within a single application. Apple denies the claims, but it is also facing antitrust scrutiny in the European Union.

Confident Security, ‘the Signal for AI,’ comes out of stealth with $4.2M | TechCrunch

TechCrunch · 1m ago

Confident Security, a San Francisco-based startup, has launched with $4.2 million in seed funding to offer CONFSEC, a tool ensuring data privacy in AI use. Aimed at sectors like healthcare and finance, it encompasses end-to-end encryption, preventing data storage or unauthorized access by AI vendors. Confident Security aims to be an intermediary for AI providers, focusing on trust and privacy, amid rapid AI adoption concerns. The system is similar to Apple’s Private Cloud Compute architecture.

Google files complaint to EU over Microsoft cloud practices

Economic Times

Economic Times · 11m ago

Google files complaint to EU over Microsoft cloud practices

Google has filed a complaint with the European Commission against Microsoft, accusing the tech giant of using anti-competitive tactics to lock customers into its Azure cloud platform. Google alleges that Microsoft is exploiting its dominant Windows Server operating system to hinder competition and force customers to pay higher fees when using rival cloud services. Google is urging the European Commission to take regulatory action to end Microsoft's alleged vendor lock and promote fairness and choice in the cloud market. Microsoft's Windows Server and other products reportedly hold a market share of over 70% in European businesses.

Consumer protection agency sues Walmart, Branch alleging illegal pay practices for gig drivers

Livemint

Livemint · 7m ago

Consumer protection agency sues Walmart, Branch alleging illegal pay practices for gig drivers

The Consumer Financial Protection Bureau has sued Walmart and Branch Messenger for allegedly forcing drivers in Walmart’s Spark program to use high-cost deposit accounts for payments, violating federal law. The drivers reportedly faced complex processes and fees to access their earnings. The practice resulted in over $10 million in unfair fees. Walmart and Branch deny the allegations, criticizing the lawsuit for inaccuracies and procedural issues, and plan to defend their actions in court.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Microsoft locks down a building a ...

Gaming Ban Stumps Cricket: Virat ...

Download the medial app to read full posts, comements and news.